I don't consider it unethical one bit. I live in a country that has no business relationships with the west, and I couldn't buy a movie, even if I paid 10 times the price (and I also have to change my ip to be able to buy it from any western store). I don't watch movies (except for Kubrick's, who is dead) and specially hate Hollywood movies, so I'm not really the target audience of this site.

Ethics is not a set of rules fixed in stone. Killing is bad, but killing an animal beaten by a car is hundreds of times more ethical than letting it spend hours in pain and then die. Pirating/stealing is bad, but you should never fault a poor kid, or someone who is technically unable to purchase that in the first place.